Cashless transactions on mobile phone: What is Unified Payment Interface and how to use it?

With the help of few easy steps you can use your mobile phone for all the cashless transactions online

Representational Image (Source: Getty)

New Delhi :

After Prime Minister’s major announcement of curbing black money by the means of demonetization, the government has taken an array of measure to provide relief from the cash crunch and move towards becoming a cashless economy.

Amid long queues outside banks and ATMs getting easily exhausted, the mode of payment in the country has become a hot topic of discussion. With the availability of various payment channels such as Credit card, Debit card, Net banking and even Mobile banking has been the major relief to public. Even mobile wallets have emerged as a good option to pay for basic needs. Soon smartphones will double up as virtual debit cards and you’ll be able to send or receive money instantly.

Further, now the government is aggressively promoting the use of mobile phones in the form of another payment option. How? It’s really simple. The government has also released an advisory on how to use mobile as a bank, a wallet without the use of cash, which also includes the introduction of unified payment interface (UPI).